With the announcement of yesterday’s Reserve Bank of Australia rate rise and the recent slowing down of the Australian property market, it is now more important than ever for agents to think differently about how they work and protect themselves from a changing market.
By Dan Argent, UrbanX
Over the last 2 years, we have seen agents doing extremely well. However, as everything starts to settle down, it presents an exciting opportunity for high-performing agents to be able to capitalise on their success and continue to grow their business.
As we have seen before, when markets start to shift, it is the attraction agents that continue to stay busy.
They are established in their area, and they continue to grow their business, even as the market starts to slow, because they stand out from their competition and invest additional funds back into their business.
With markets slowing down, the question that continually comes up is how agents are going to be able to maintain their current lifestyle with less income, especially while they are giving such a big percentage of their commission back to their franchise.
In a booming market, when agents are busy, it is hard to stop and think about how much of their commission they are giving away.
As their income begins to decrease, it presents an important moment for them to stop and calculate just how much of their hard-earned commission is going back to their office.
As the market changes, now is the time for agents to consider their options and understand how they can continue to be successful in a changing market. Now is the perfect time for agents to think differently about how they operate and use market shift as an opportunity to take their career to the next level and increase their market share.
Do you want to find out how you can transform your career in a slowing market?